The African Development Bank (ADB) is a
development bank established in
1964 with the intention of promoting economic and social development in
Africa. It is a conglomeration of the African Development Bank (ADB), the African Development Fund (ADF), and the Nigeria Trust Fund (NTF). Forty years to date, the ADB Group has financed 2,885 operations, for a total of
$47.5 billion. It concluded
2003 with a AAA rating from major financial agencies and with a capital of
$32.043 billion. Moreover, it has placed an emphasis over the years on the role of women, education and structural reforms, and lent its support to key initiatives such as debt alleviation for
Heavily Indebted Poor Countries (HIPC's) and the
New Partnership for Africa's Development (NEPAD). It currently has 77 members: 53 countries in Africa and 24 American, European, and Asian countries.
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